Global Torpedo Market

Description

List of Tables

A torpedo market is a sea conceived as a weaponized system that is used on naval platforms to attack enemies. It is a lethal underwater weapon for platforms such as surface vessels, helicopters, submarines, and aircraft. A torpedo contains devices to control its direction and depth based on a pre-set plan or in response to the outside source signals. It is also a device that detonates the explosive warhead when it comes close to the target or strikes it. A torpedo is cigar-shaped. It is considered to be one of the most preferred weapons that is used in marine warfare.

Currently, the torpedo's demand is growing due to the increase in the threat of terrorism. A torpedo can be launched above or below the water surface. It has the ability to self-propel. There is a growing demand for the lightweight torpedo carried by aircraft, which in turn enhances the growth of lightweight torpedos. Upgradation of the existing naval system also paves way for the sales of the torpedos. The following factors escalate the Torpedo market growth:; they are advanced navigation, mini torpedos, and electric propulsion, which are the advanced technologies. Among the above-mentioned technologies, electric propulsion gets more attention because of its advanced capabilities such as fewer vibrations and high speed.

Major factors driving Torpedo Market Growth:

The Torpedo market size growth is boosted by rising maritime border dispute issues with the neighbouring countries. There is huge growth in the adoption of torpedos all across the world due to the increase in activities of terrorism. With increased terrorist activities, in countries across Europe and Asia pacific, the concerns regarding border security increased. Thus, to improve marine border security and marine mission capabilities, the developed country's government are focussing on the development of submarines, maritime helicopters, and submarines armed with torpedoes.

The new capabilities are tested by the countries, which support the Torpedo market size growth. For example, DRDO (Defense Research and development organization) India announces that they have successfully launched SMAT (Supersonic Missile Assisted Torpedo System); the full range of proposed distance was demonstrated successfully during the operation. This system is designed to combat submarine ability.

Trends influencing the Torpedo Market Size:

Torpedo market trends, to detect and eliminate enemy submarines in distant waters and arctic latitudes, the robotic torpedo-carrying vessel is used which does this function automatically. Torpedo market trends, the boat that is robotic will be able to operate automatically and is being controlled by a small team and remotely controlled by the pilots from the advanced facility or a drone that is carried by ship. 35 km/hr is said to be the speed of the ship. It will operate for three continuous days without being refueled. It is also having two torpedos. For Example, The Russian defense announced that they were working on an A-14m-long robotic vessel, that is designed to boost and enhance its anti-submarine warfare capabilities and they are developed by the Russian navy.

Torpedo Market Forecast & Dynamics:

Torpedo market analysis, There is an increase in the procurement of naval vessels, which owes to the growth of the defense budget, which in turn fosters the torpedo market growth. In the leading economic countries such as India, China, and the U.S there is a rise in defense budgets, which leads to an increase in the adoption of advanced torpedos with improved propulsion technology and guided system. A large amount of the defense budget has been allocated for the development and modernization of naval solutions. This in turn increases the procurement of naval vessels such as submarines, destroyers, and frigates in order to protect the marine border.

Torpedo market forecast, in the forthcoming period, this factor will fuel the growth of torpedos. For example, Lockheed Martin has been awarded a contract from Damen Navel for MK 41 to support the F126 project. In this way, Lockheed Martin will support the development of new German navy frigates. Deployment of Ballistic Missiles in submarines and increasing cyber-attacks will hamper the growth of the market. There is an increase in the threat of cyber-attacks due to the changing nature of warfare and the increase in the adoption of the internet of things and artificial intelligence in maritime industries. Torpedo market analysis, In the forthcoming period, this will hamper the growth of the torpedo market. Once the location is fixed, the torpedo can be fired on the target. However, by getting access to the guided system the target path can be changed.

Torpedo Market Analysis for Recent Developments:

Torpedo market reports, the US government awarded a contract to the Indian defense ministry worth INR 423 Crore. It is for the procurement of MK 54 torpedo as well as expendables such as flares and chaff for P-8I anti-submarine warfare aircraft of the Indian army. Torpedo market reports, Thales Australia was awarded a contract by the Australian department of defense worth USD 14.5 million, for the maintenance of the Royal Australian Navy's MU90 torpedo.

Product Code: AND067

Torpedo Market Report Definition

Torpedo Market Segmentation

By Region

By Launch Platform

By Type

Torpedo Market Analysis for next 10 Years

The 10-year torpedo market analysis would give a detailed overview of torpedo market growth, changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

Market Technologies of Torpedo Market

This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

Global Torpedo Market Forecast

The 10-year torpedo market forecast of this market is covered in detailed across the segments which are mentioned above.

Regional Torpedo Market Trends & Forecast

The regional torpedo market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking. The current market size is estimated based on the normal scenario.

North America

Drivers, Restraints and Challenges

PEST

Market Forecast & Scenario Analysis

Key Companies

Supplier Tier Landscape

Company Benchmarking

Europe

Middle East

APAC

South America

Country Analysis of Torpedo Market

This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

Defense Programs

List of Tables

Table 1: 10 Year Market Outlook, 2023-2033
Table 2: Drivers, Impact Analysis, North America
Table 3: Restraints, Impact Analysis, North America
Table 4: Challenges, Impact Analysis, North America
Table 5: Drivers, Impact Analysis, Europe
Table 6: Restraints, Impact Analysis, Europe
Table 7: Challenges, Impact Analysis, Europe
Table 8: Drivers, Impact Analysis, Middle East
Table 9: Restraints, Impact Analysis, Middle East
Table 10: Challenges, Impact Analysis, Middle East
Table 11: Drivers, Impact Analysis, APAC
Table 12: Restraints, Impact Analysis, APAC
Table 13: Challenges, Impact Analysis, APAC
Table 14: Drivers, Impact Analysis, South America
Table 15: Restraints, Impact Analysis, South America
Table 16: Challenges, Impact Analysis, South America
Table 17: Scenario Analysis, Scenario 1, By Region, 2023-2033
Table 18: Scenario Analysis, Scenario 1, By Launch Platform, 2023-2033
Table 19: Scenario Analysis, Scenario 1, By Type, 2023-2033
Table 20: Scenario Analysis, Scenario 2, By Region, 2023-2033
Table 21: Scenario Analysis, Scenario 2, By Launch Platform, 2023-2033
Table 22: Scenario Analysis, Scenario 2, By Type, 2023-2033

List of Figures

Figure 1: Global Torpedo Market Forecast, 2023-2033
Figure 2: Global Torpedo Market Forecast, By Region, 2023-2033
Figure 3: Global Torpedo Market Forecast, By Launch Platform, 2023-2033
Figure 4: Global Torpedo Market Forecast, By Type, 2023-2033
Figure 5: North America, Torpedo Market, Market Forecast, 2023-2033
Figure 6: Europe, Torpedo Market, Market Forecast, 2023-2033
Figure 7: Middle East, Torpedo Market, Market Forecast, 2023-2033
Figure 8: APAC, Torpedo Market, Market Forecast, 2023-2033
Figure 9: South America, Torpedo Market, Market Forecast, 2023-2033
Figure 10: United States, Torpedo Market, Technology Maturation, 2023-2033
Figure 11: United States, Torpedo Market, Market Forecast, 2023-2033
Figure 12: Canada, Torpedo Market, Technology Maturation, 2023-2033
Figure 13: Canada, Torpedo Market, Market Forecast, 2023-2033
Figure 14: Italy, Torpedo Market, Technology Maturation, 2023-2033
Figure 15: Italy, Torpedo Market, Market Forecast, 2023-2033
Figure 16: France, Torpedo Market, Technology Maturation, 2023-2033
Figure 17: France, Torpedo Market, Market Forecast, 2023-2033
Figure 18: Germany, Torpedo Market, Technology Maturation, 2023-2033
Figure 19: Germany, Torpedo Market, Market Forecast, 2023-2033
Figure 20: Netherlands, Torpedo Market, Technology Maturation, 2023-2033
Figure 21: Netherlands, Torpedo Market, Market Forecast, 2023-2033
Figure 22: Belgium, Torpedo Market, Technology Maturation, 2023-2033
Figure 23: Belgium, Torpedo Market, Market Forecast, 2023-2033
Figure 24: Spain, Torpedo Market, Technology Maturation, 2023-2033
Figure 25: Spain, Torpedo Market, Market Forecast, 2023-2033
Figure 26: Sweden, Torpedo Market, Technology Maturation, 2023-2033
Figure 27: Sweden, Torpedo Market, Market Forecast, 2023-2033
Figure 28: Brazil, Torpedo Market, Technology Maturation, 2023-2033
Figure 29: Brazil, Torpedo Market, Market Forecast, 2023-2033
Figure 30: Australia, Torpedo Market, Technology Maturation, 2023-2033
Figure 31: Australia, Torpedo Market, Market Forecast, 2023-2033
Figure 32: India, Torpedo Market, Technology Maturation, 2023-2033
Figure 33: India, Torpedo Market, Market Forecast, 2023-2033
Figure 34: China, Torpedo Market, Technology Maturation, 2023-2033
Figure 35: China, Torpedo Market, Market Forecast, 2023-2033
Figure 36: Saudi Arabia, Torpedo Market, Technology Maturation, 2023-2033
Figure 37: Saudi Arabia, Torpedo Market, Market Forecast, 2023-2033
Figure 38: South Korea, Torpedo Market, Technology Maturation, 2023-2033
Figure 39: South Korea, Torpedo Market, Market Forecast, 2023-2033
Figure 40: Japan, Torpedo Market, Technology Maturation, 2023-2033
Figure 41: Japan, Torpedo Market, Market Forecast, 2023-2033
Figure 42: Malaysia, Torpedo Market, Technology Maturation, 2023-2033
Figure 43: Malaysia, Torpedo Market, Market Forecast, 2023-2033
Figure 44: Singapore, Torpedo Market, Technology Maturation, 2023-2033
Figure 45: Singapore, Torpedo Market, Market Forecast, 2023-2033
Figure 46: United Kingdom, Torpedo Market, Technology Maturation, 2023-2033
Figure 47: United Kingdom, Torpedo Market, Market Forecast, 2023-2033
Figure 48: Opportunity Analysis, Torpedo Market, By Region (Cumulative Market), 2023-2033
Figure 49: Opportunity Analysis, Torpedo Market, By Region (CAGR), 2023-2033
Figure 50: Opportunity Analysis, Torpedo Market, By Launch Platform (Cumulative Market), 2023-2033
Figure 51: Opportunity Analysis, Torpedo Market, By Launch Platform (CAGR), 2023-2033
Figure 52: Opportunity Analysis, Torpedo Market, By Type (Cumulative Market), 2023-2033
Figure 53: Opportunity Analysis, Torpedo Market, By Type (CAGR), 2023-2033
Figure 54: Scenario Analysis, Torpedo Market, Cumulative Market, 2023-2033
Figure 55: Scenario Analysis, Torpedo Market, Global Market, 2023-2033
Figure 56: Scenario 1, Torpedo Market, Total Market, 2023-2033
Figure 57: Scenario 1, Torpedo Market, By Region, 2023-2033
Figure 58: Scenario 1, Torpedo Market, By Launch Platform, 2023-2033
Figure 59: Scenario 1, Torpedo Market, By Type, 2023-2033
Figure 60: Scenario 2, Torpedo Market, Total Market, 2023-2033
Figure 61: Scenario 2, Torpedo Market, By Region, 2023-2033
Figure 62: Scenario 2, Torpedo Market, By Launch Platform, 2023-2033
Figure 63: Scenario 2, Torpedo Market, By Type, 2023-2033
Figure 64: Company Benchmark, Torpedo Market, 2023-2033

Global Torpedo Market

Description

Table of Contents

List of Tables

Major factors driving Torpedo Market Growth:

Trends influencing the Torpedo Market Size:

Torpedo Market Forecast & Dynamics:

Torpedo Market Analysis for Recent Developments:

Table of Contents

List of Tables

List of Figures